Sam Altman’s Worldcoin project is once again under fire from regulatory criticism, this time in Thailand, where the Securities and Exchange Commission (SEC), alongside the Cyber Crime Investigation Bureau (CCIB), conducted a raid on a Worldcoin-linked iris scanning center in Bangkok. But what does this mean for WLD price action?
Officials say the site facilitated unlicensed digital asset trading services tied to the project’s WLD token, a violation of Thailand’s Digital Asset Business Emergency Decree BE 2561.
According to the SEC’s public statement, investigators identified the location as offering “WLD exchange services” without an approved license, leading to arrests under Section 26 of the Executive Order, with enforceable penalties under Section 66.
Is the Thai raid a turning point in the treatment of biometric identity tokens?
The agency did not say how many operators were arrested or what equipment was seized.
But the message was unambiguous: the distribution of biometrics-linked tokens is now fully within the scope of digital asset regulation, and Thailand is ready to implement it.
The raid is significant because Thailand is one of Worldcoin’s largest operational regions, with 102 active Orb verification sites, more than any other market in Southeast Asia.
The project distributes WLD tokens to users who agree to an iris scan to create what it calls a World ID, a biometrically verified digital identity intended to distinguish humans from AI agents online.
Thai regulators argue that the problem is not identity verification, but rather the unlicensed distribution and exchange of tokens that takes place on the ground through third-party operators.
And unlike the United States or Europe, where investigations follow lengthy procedural procedures, Thailand’s enforcement actions tend to be swift.
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Worldcoin raid brings back troubled memories for Sam Altman: Kenya blows up ‘coercive’ Worldcoin
This is not an isolated incident either. Since its launch in 2023, Worldcoin has been subject to suspensions, investigations or outright bans in Kenya, Brazil, Spain, Portugal, Germany and Hong Kong, with authorities repeatedly questioning consent standards and biometric data governance.
In Kenya, courts have gone so far as to order the deletion of previously collected iris data, calling the project’s financial incentives for listing “coercive.”
Worldcoin itself insists that it only operates in countries where the law allows it.
The Thai raid now adds another layer of geopolitical risk to the project, raising questions not only about the distribution of WLD tokens, but also the long-term feasibility of a biometrics-based crypto identity system operating in fragmented regulatory landscapes through financial incentives.
Faced with increasing pressure, investors are asking the inevitable question: How is the market reacting and where will WLD price action go from here?
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WLD Price Analysis: Thai Raid Fails to Hit Worldcoin Price – Is $1 Expected for October Close?
Worldcoin price remains largely static, despite months of bull market and some choppy volatility. The price of WLD remains roughly where it was in April, June, and August 2025, with WLD currently trading at a market price of $0.83 (representing a 24-hour change of +3.48%).
With little price action responding to the Thai police raid, WLD continues to consolidate above lower trendline support at $0.8, following the capitulative decline to $0.26 on October 10.
(Source – TradingView, WLD USDT)
While support appears to hold here, WLD traders are waiting for the 20DMA (to $0.99) to fall to attainable levels before attempting a bullish push, with the moving average providing the first immediate challenge to any upward move.
While the WLD trading channel suggests an upside is on the table, overall weak crypto market sentiment threatens the WLD price structure as bulls fail to push it higher.
Looking at Worldcoin’s RSI indicator, a weak reading of 38 suggests significant upside potential in the chart, with $1 forming an immediate psychological target if the 20-day moving average (DMA) swings towards support in the coming days.
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The post Worldcoin faces new regulatory pressure as Thai authorities attack iris scanning site appeared first on 99Bitcoins.
